Ramesh kumar (Manager - Central Excise ) (126 Points)
23 August 2011Sir, what is Excise Cess. It is levied on Paper products on basic value @ .125%. It is eligible for to avail as cenvat credit ?
Ex: Basic - 100000
Excise Duty @ 5% - 5000
Excise Cess @ 0.125 % - 125
Ed. Cess @ 2% - 103
SH.Ed. Cess @ 1% - 51
CST @ 2% - 2106
Total Value - 107385/-
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 23 August 2011
no
only basic excise duty/ edu cess/ S&HS edu cess is cenvatable.
Monuettan
(Sr.Executive)
(59 Points)
Replied 24 August 2011
Sir,
Whether you have received that material from EOU unit, if so there will be two types of cess, Excise cess and customs cess. Eou's whoever does a clearance in DTA will be paying that duty .
You can avail cenvat for excise cess, if you are registered with central excise authorities.
the duty calculation will be like this.
BCD
CVD
Excise Cess 2+1 %
Customs Cess /Agg.Cess 2+1 %
SAD
Kindly ensure that whether you have received material from EOU or not .
CA SOURAV KUMAR GANDHI
(B.com (H), CA )
(133 Points)
Replied 07 September 2011
@ all
On payment of Clean energy cess leviable on coal, lignite, and pit one cannot utilise CENVAT CREDIT nor on payment of such cess its CENVAT CREDIT BALANCE will increase.
NOTE: This is only for CLEAN ENERGY CESS.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
CAclubindia
